Blue Chip Investment Opportunity at Upper Coomera
A recently completed commercial property with three national tenants in one of southeast Queensland’s busiest thoroughfares is being offered for sale through Ray White Commercial.
The three free-standing, tilt-slab buildings, located at 195 Old Coach Road, Upper Coomera, are being offered for sale via public auction by Ray White Commercial Robina’s Kelly Zeckovic.
Kelly Zeckovic said the property was situated on a 5,310 sqm parcel of land and is currently occupied by well-established national tenants Autobarn, Bridgestone and Anytime Fitness.
“Each business has a lease ranging from seven to 10 years, with further options,” she said.
“The offering includes 1,530 sqm of fully occupied lettable area in a precinct adjoining a site comprising a mixture of commercial businesses and a fast food precinct with a McDonalds, BP and KFC.
“The site is centrally located to both the Brisbane CBD and the Gold Coast in a rapidly emerging region with significant retailers including a Masters, Woolworths and Aldi.
“Dream World, new schools and residential subdivisions are also all prospering with high population growth.”
Kelly Zeckovic said the site presented a solid investment opportunity and a chance to secure a property at the northern end of the Gold Coast in one of the city’s strongest growth areas.
“The high calibre national tenants, long-leases with a net return of approximately $379,000.00, depreciation allowances of approximately $112,000 in the first year, as well as the property’s location in a high growth area, makes it a great investment opportunity not to be missed,” she said.
“We have fielded a number of enquiries from people who are looking to acquire long-term investments and we’re anticipating a big turnout at the auction.”
The property will go to auction at 10:30am on Wednesday, September 24, 2014, at Level 5 of the Riverside Centre, 123 Eagle Street, Brisbane City.